Real estate management firm eliminating manual tasks involved in preparing and routing payables
SANTA BARBARA, CALIF., Oct. 27, 2014 – After adopting Yardi Voyager® as its property management and accounting platform, real estate investment and management firm Sanders Equities LLC is now looking to automate its accounts payable process by adding Yardi Procure to Pay™ to the system.
Yardi Procure to Pay will relieve Sanders Equities of the manual tasks of entering invoice information and images into Yardi Voyager, then routing the invoices for approval—a “tedious process,” according to Jordan A. Sanders, vice president of Sanders Equities. Yardi Procure to Pay routes all purchase orders and invoices through an automated, customized online approval workflow, all the way to vendor payment. “It will be easier and much more efficient to have the entire invoice process embedded in Voyager and not use separate invoice and property management systems,” Sanders said.
“For an efficiently run company such as ours, where a small team of employees performs accounting, property management and leasing for our entire portfolio, the one or two hours a day that Procure to Pay will save is huge,” added Todd Sunko, controller for Sanders Equities.
“Sanders Equities illustrates the ease with which new products can be added to Yardi Voyager to create a full business solution. We look forward to assisting them with Procure to Pay as well as additional products for managing construction project budgets and tracking fixed assets,” said Terri Dowen, senior vice president of sales for Yardi.
About Sanders Equities LLC
Sanders Equities LLC, with offices in Greenwich, Conn., and Jericho, N.Y., is a fully diversified real estate investment and management firm whose primary focus is the acquisition and operation of industrial, multifamily, retail, office and mixed-use properties. With a portfolio comprising more than 1 million square feet, the company’s strategy is to identify well-located properties to which it can add value over the long term through a buy-and-hold strategy. For more information, visit www.sandersequities.com.